European Stocks Sink Further Into Correction Territory As Coronavirus Grips Markets; Stoxx 600 Down 3%
Friday, 28 February 2020 15:32 WIB | MARKET UPDATE |Saham EropaStoxx 600

European stocks extended a historic week of losses on Friday morning as the coronavirus outbreak continues to pummel global markets into correction territory.

The pan-European Stoxx 600 fell 3% in early trade at 377.51, travel and leisure stocks dropping 4.4% to lead losses as all sectors and major bourses slid sharply into the red.

European stocks entered correction territory on Thursday, falling 10% below the record highs seen on Feb. 19 last year, as the rapid spread of the coronavirus beyond China caused global markets to nosedive.

Source : CNBC

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